Archive for the category: business finance

The Department for Transport in England introduces the Fix your Bike Voucher Scheme to encourage the public to cycle. The scheme was announced on 22 June 2020 with the objective to reduce the number of short journeys by cars and as an alternative to public transport during the COVID-19 pandemic.

Cycling is more environmental friendly

Cycling is more friendly to our environment because of no harmful gasses emission to the air comparing to using cars. In addition, it is more cost-effective for you if it is a short journey.

The London Ultra Low Emission Zone (ULEZ) was introduced and implemented in April 2019 within the same area as the Congestion Charge zone.

Cars and vehicles do not meet the Ultra Low Emission Zone standards must pay a ULEZ charge in addition to paying the Congestion Charge.

For example, if your car does not meet the ULEZ standards and you drive from Pimlico (postcode: SW1V 4PY) into the Congestion Zone, say, to Regent Street London (W1B 5TD) to shop for a day. You will have to pay the Transport for London, £15 for Congestion Charge and £12.50 for ULEZ charge. Total of £27.50 for the day. If you forgot to pay you would receive a more expensive penalty charge.

The journey from Pimlico to Regent Street is a relatively short journey. If you cycle to Regent Street instead of taking your car, you save the £27.50, the fuel and also parking fee. so, why not cycle?

Bike repair voucher up to £50

You can use streets bikes or your own bike for your short distance trips. The Fix your Bike Voucher is for use to repair your own bike. The voucher is to be used toward the cost of repairing your bike, up to £50 per bike. You must be 18 years old and above.

This voucher can only be used at the bike repair shops that participate in the Fix your Bike Voucher Scheme. You can find them nationwide in the Energy Saving Trust website here.

Here are some of the participating bike repair shops close to Regent Street in London where our office is based.

Calling Bike repairer in England to register for the Fix your Bike Voucher Scheme

If you are a bike repairer, you can register to participate in the scheme with the Energy Saving Trust (Department for Transport) here.

Companies House filings during COVID-19 pandemic

Companies House also gear up to support UK businesses during COVID-19 pandemic. They automatically extend your company’s filing deadline. This will help your company to avoid a late filing penalty if you are unable to deliver your company accounts on time. You do not need to do anything. You just need to go to Companies House website to check your new filing deadline.

Concurrently, your confirmation statement filing deadline will also be extended. You would have 6 weeks to file your confirmation statement. Similarly, for the events driven filings, you will have 42 days (6 weeks) to notify Companies House instead of the usual 14 days filing deadline.

In addition, Companies House also created an interim paperless filing service to accept documents which would normally require a live signature.

You are encouraged to file your company documents to Companies House digitally. You can use the web filing service to submit the following documents to Companies House.

• Confirmation statement
• Company accounts
• Events driven filings using Companies House forms i.e director resigned or change of your registered office address.
• Closing down your company.

To file online, you would require your company’s authentication code. The authentication code is the electronic equivalent of your company’s director(s) signatures. Keep safe your authentication code.

If you require help with your company’s filings, contact Our accountants. They will be more than happy to assist you.